In its press briefing today, Ethiopian Electric Utility, EEU, announced that it has collected ETB14.97 billion from Energy and related sales out of the planned ETB 25.38 billion. Its planned revenue collection performance reached only 59%.

Mr. Shiferaw Telila, CEO, Ethiopian Electric Utility, EEU, said ETB11.06 billion Revenue was generated from energy sales alone. The Utility collected additional revenue from Connection Charges( ETB 3.88 billion), sales of scarped materials (ETB 19.03 million), arrears (ETB200 million) and other sources( ETB 7.43 million).

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The CEO told the audience that the utility managed to construct 3403.81 KMs MV lines, 2797.19 KMs of LV distribution lines, installed 769 distribution transformers, connected 168,751 new customers, electrified 308 rural towns and villages and rehabilitated all of the 17 planned towns this year budget year.

The utility will share the ETB11.06 billion energy sales revenue with Ethiopian Electric Power, EEP, the latter amassing 60 % of the energy sales generated.   It was reported that EEP Generated USD 66.4 Million, an equivalent of ETB 2.4 billion, From Electricty Export the same year.

The utility has also commissioned Enterprise resource planning, ERP, system meant to modernize the organization’s operational processes, standardizing the financial reporting and digitizing the payment collections systems. 

Source: Ethiopian Electric Utility, EEU

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